INCREASE RENEWABLE ENERGY

How to Upgrade Turkey’s Energy Grid Effectively

In Short : Along with €33 million (about US$38 million) in Clean Technology Fund (CTF) financing and a US$2 million grant, the World Bank has approved a substantial €625 million (approximately US$708 million) loan from the International Bank for Reconstruction and Development (IBRD). Under the direction of the Türkiye Electricity Transmission Corporation (TEİAŞ), this funding will help Turkey’s Transforming Power Transmission System Project (TPTS) integrate renewable energy sources into the national grid more quickly.

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